Refer to the table below. Assume that the company involved now finds that the learning rate...

 

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Refer to the table below. Assume that the company involved now finds that the learning rate is 85 percent. The 85 percent learning rate coefficient is -0.234465; that is b = -0.234465 in the formula =axb Required: Using the formula, Y = axo, compute the labor time and costs for 5, 6, and 7 units. (Round your intermediate calculations (except for coefficient) and final answers to 2 decimal places.) Unit Produced (X) 1 2 3 4 5 6 7 8 Labor Time Required to Produce the Xth Unit (i.e., the last single unit produced)1 (Y) 100.00 85.00 77.29 72.25 61.41 Cumulative Total Time in Labor- Hours(2) Total Cost(3) 100.00 $ 5,000.00 185.00 9,250.00 262.29 13,114.57 334.54 16,727.07 593.58 29,679.22 Average Cost per Unit(4) $5,000.00 4,625.00 4,371.52 4,181.77 3,709.90 Refer to the table below. Assume that the company involved now finds that the learning rate is 85 percent. The 85 percent learning rate coefficient is -0.234465; that is b = -0.234465 in the formula =axb Required: Using the formula, Y = axo, compute the labor time and costs for 5, 6, and 7 units. (Round your intermediate calculations (except for coefficient) and final answers to 2 decimal places.) Unit Produced (X) 1 2 3 4 5 6 7 8 Labor Time Required to Produce the Xth Unit (i.e., the last single unit produced)1 (Y) 100.00 85.00 77.29 72.25 61.41 Cumulative Total Time in Labor- Hours(2) Total Cost(3) 100.00 $ 5,000.00 185.00 9,250.00 262.29 13,114.57 334.54 16,727.07 593.58 29,679.22 Average Cost per Unit(4) $5,000.00 4,625.00 4,371.52 4,181.77 3,709.90

Answer rating: 100% (QA)

In present problem Y axb we have values b 023447 X Number of units pro... View the full answer